I stand by all I said and see no confusion. I also agree with all your comments (except for the above sentence).
His edge is 51.77%-48.23%=3.54%.
I use the same definition as you. For even money bets in European roulette, p = 19/37, q = 18/37, so the edge is equal to p - q = 1/37 = 2.70%...
Good point about rebates, H2O. Some gaming establishments give selected clientele a rebate (certain percentage) of their losses. When used...
Harry, your method of calculating "edge" does injustice to the gaming industry. The house edge for European and American roulette is 2.70% (1/37)...
Depending on the house rules, a "mimic the dealer" blackjack strategy results in a house edge of about 5.5%. If the casinos had a 25% edge, there...
They have those games here in Vegas too ($2-$4 blinds, $200 buy-in, and higher). IMHO, the game should not be played as a tournament, but rather...
45,000% growth would grow a dollar to $451, not $450.
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You find something else that rhymes!
In a bid to prop up the morale, Of the boys at the OK Corral, The choice was a quickie, With Becky or Glickie, Or a blowjob from Lesley Stahl.
Regular Trading Hours
(Hmmmm, a quickie with Becky or a lickie from Glickie? :confused: )
Had you bothered to put things into a spreadsheet as I suggested, you would have seen that PP stays constant. I'm sorry, but as much as I've...
CNN just confirmed.
OK, I have found the formula you are referring to in another Kaufman book ("Trading Systems and Methods", p. 616) and have copied it into a...
I do not have Kaufman's "Smarter Trading", nor have I looked at your formulae. But you seem to have trouble understanding that risk of ruin...
There was a young trader from Bright, Who blew up his account overnight, He shorted the yen, And then buggered a hen, Much to Donald and...
1) First make sure that the file is under 100 kbytes, as this is the maximum allowed. 2) Hit Browse to the right of Attach file: in the posting...
As an uninvolved and neutral observer, my general recollection of some of your earlier posts was that of a cocky bastard ready for a fall. I...
Separate names with a comma.